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The fact that there is a signature on a certificate should providesome confidence in the correctness of its content but this does not mean that thisinformation is invariably correct. If this inaccurate informationis used to commit another crime such as obtaining a gun for a criminal, that is an additionaloffense. Some proposals include unachievablestandards of proof, forcing vendors to tax all sales. As a result, e-commerce vendors havean unfair advantage, consumers without computers suffer, and state revenues aredecreased.

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Instead of the single coin of the form{p, g-1(f(p)) }, we define a paybook(n,p) of n coins associated with serial number p in the following structure:Paybook(n,p) = {n, p, g-n(f(p)) },where n is a non-negative integer, g-0(x) = x, and g-n(x) = g-1(g-(n-1)(x)) for any integer n: N>0.



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A party that is subject to audits then notarizes its copy in a manner that allows subsequent audits. The notary sends some kind of receipt back to the customer which can be used to verify that the record has been notarized. The merchant informs the consumer that the payment succeeded. Today,many electronic commerce customers and merchants entirely surrender their privacy to a credit-cardcompany, and to each other.

In public key cryptography there are twodifferent keys, one used to encipher data and the other used to decipher it. Theunited states can devise a system that protects against misuse of e-commerce withoutstifling its growth. (No one can invert f. For example, all food products might be taxed at 2% in onejurisdiction and at 5% in another jurisdiction, but a product that is considered food in onejurisdiction is considered food in all jurisdictions.

Government should use commercial services wheneverpractical, rather than developing its own. If a vendor and customer agree to such a change, or if the customer's recordswill be unavailable (as is often the case), then vendors can alter records with impunity.

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